Plug Power - PLUG Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 7 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLUG shares.
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19 Wall Street research analysts have issued 12 month price targets for Plug Power's stock. Their PLUG share price forecasts range from $16.00 to $48.00. On average, they expect the company's stock price to reach $27.09 in the next twelve months. This suggests a possible upside of 97.9% from the stock's current price.
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Plug Power's stock was trading at $28.23 at the beginning of the year. Since then, PLUG shares have decreased by 51.5% and is now trading at $13.69.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Plug Power Inc. (NASDAQ:PLUG) announced its earnings results on Tuesday, November, 9th. The electronics maker reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.10. The electronics maker earned $143.92 million during the quarter, compared to analysts' expectations of $142.87 million. Plug Power had a negative net margin of 107.91% and a negative trailing twelve-month return on equity of 15.56%. During the same period last year, the company posted ($0.11) EPS.

Plug Power updated its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.40 billion-$1.40 billion, compared to the consensus revenue estimate of $1.37 billion.

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Plug Power's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.54%), Vanguard Group Inc. (8.75%), State Street Corp (2.40%), Citadel Advisors LLC (0.00%), Two Sigma Investments LP (0.59%) and First Trust Advisors LP (0.57%). Insiders that own company stock include Andrew Marsh, Fivet Capital Holding Ag, George C Mcnamee, Gerard L Conway Jr, Gregory Kenausis, Jonathan M Silver, Keith Schmid, Lucas P Schneider, Martin Daniel Hull, Maureen O Helmer, Paul B Middleton and Sanjay K Shrestha.
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Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLUG stock can currently be purchased for approximately $13.69.

Plug Power (NASDAQ:PLUG) has a market capitalization of $7.98 billion and generates $502.34 million in revenue each year. The electronics maker earns $-459,960,000.00 in net income (profit) each year or ($1.20) on an earnings per share basis.

The company employs 2,449 workers across the globe.

Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The official website for the company is www.plugpower.com. The electronics maker can be reached via phone at (518) 782-7700, via email at investors@plugpower.com, or via fax at 518-782-9060.